What changed
Following the Andhra Pradesh government's notification creating 13 new districts, RBI has designated lead banks for each. Union Bank of India gets lead for 10 districts (Alluri Sitharama Raju, Anakapalli, Bapatla, Eluru, Kakinada, Konaseema, Nandyal, NTR, Palnadu, Tirupati), State Bank of India for 2 (Annamayya, Parvathipuram Manyam), and Canara Bank for 1 (Sri Sathya Sai). New district working codes have been allotted for BSR reporting.
What it means for you
Banks operating in Andhra Pradesh must update their branch mapping and reporting systems to reflect the new district boundaries and lead bank assignments. The lead banks will coordinate district-level credit planning and financial inclusion efforts. Lenders should align their BSR submissions with the new working codes to avoid reporting discrepancies.
What you must do
- Update internal systems with new district boundaries and working codes for Andhra Pradesh branches.
- Ensure BSR reports use the newly assigned district working codes for accurate regulatory reporting.
- Coordinate with the designated lead bank in each new district for credit planning and financial inclusion activities.
- Review branch catchment areas to align with the revised district structure.
Who it affects
All banks with branches in Andhra Pradesh, Lead banks assigned to new districts (Union Bank of India, State Bank of India, Canara Bank), Banks submitting BSR returns for Andhra Pradesh districts
Which bank has been assigned the most lead bank responsibilities in the new Andhra Pradesh districts?
Union Bank of India has been assigned lead bank responsibility for 9 of the 13 new districts, including Alluri Sitharama Raju, Anakapalli, Bapatla, Eluru, Kakinada, Konaseema, Nandyal, NTR, Palnadu, and Tirupati.
Do the lead bank assignments affect existing districts in Andhra Pradesh?
No, there is no change in the lead banks for other districts in the state that were not part of the reorganization.
What is the purpose of the new district working codes?
The new district working codes have been allotted for BSR (Basic Statistical Returns) reporting by banks, ensuring accurate classification of branches and credit data under the new district structure.